Stocks Continue to Lose Ground

Updated April 2, 1997 1:30 p.m. ET

MADRID -- Spanish stocks edged lower Wednesday, after two days of sharp drops.

The Madrid General Index gave up 1.11 points to 464.03. Volume declined to 56.83 billion pesetas from 70.28 billion pesetas Tuesday. Some 20.20 million shares traded, off from 23.33 million shares Tuesday. The IBEX-35 index of the most liquid stocks on the Madrid Stock Exchange, meanwhile, lost 16.12 points or about 0.30%, to settle at 5310.42.